Paycom Software, Inc. (NYSE:PAYC) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,310 shares of the software maker’s stock after acquiring an additional 14,055 shares during the quarter. California Public Employees Retirement System owned 0.15% of Paycom Software worth $17,281,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAYC. Murphy & Mullick Capital Management Corp acquired a new position in shares of Paycom Software in the 4th quarter valued at $30,000. IFP Advisors Inc grew its stake in Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after purchasing an additional 88 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Paycom Software in the third quarter worth about $79,000. Finally, Private Trust Co. NA lifted its holdings in shares of Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $198.22 on Friday. The business’s 50 day moving average price is $212.92 and its 200-day moving average price is $204.93. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. On average, sell-side analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio is currently 16.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price for the company in a report on Monday, March 10th. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays cut their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, TD Cowen boosted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $212.80.

Insider Buying and Selling

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,100 shares of company stock worth $1,476,024. 12.60% of the stock is owned by insiders.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.